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Churchill Downs sees record betting volume on the Kentucky Derby; slight dip in adjusted EBITDA

Sculpture of jockey and horse seen from below.

Barry Winiker/Stockbyte via Getty Images

Churchill Downs Incorporated (NASDAQ:CHDN) announced the betting results of the 151st running of the Kentucky Derby on May 3. Sovereignty, owned and bred by Godolphin, LLC, trained by William Mott, and ridden by Junior Alvarado, won the high-profile race by a length and a half

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